Bitcoin’s Bottom May be at $17k or Even Lower at $11k – Rich Dad Poor Dad Author

Abstract:
- Robert Kiyosaki has forecasted that Bitcoin may discover a backside at $17k or $11k
- Mr. Kiyosaki additionally stated that market crashes have been an opportune time to purchase belongings akin to Bitcoin
- In line with Bitcoin Analyst Timothy Peterson, Bitcoin might decouple from the Nasdaq on the $23k value space
- Bitcoin is as soon as once more dealing with the weekly shut, and $28k is the help degree to observe alongside the native low of $26,700
The writer of the favored investing e-book Wealthy Dad Poor Dad, Robert Kiyosaki, has forecasted that Bitcoin might discover a backside at both $17k or $11k. Mr. Kiyosaki additionally identified that market crashes have been a wonderful time to purchase belongings akin to Bitcoin. In line with his evaluation, Bitcoin is the way forward for cash. He said:
Why CRASHES are GOOD: Wealthy dad taught his son and me “Your revenue is made if you purchase…not if you promote.”
Bitcoin is the way forward for cash.
That’s the reason I’ll again up the truck when the underside is in. It could be $17k and even decrease $11k. Time to get richer is coming. Take care.
Bitcoin Might Decouple from the Nasdaq at $23k
Equally, Bitcoin Analyst Timothy Peterson of Cane Island Various Advisors has forecasted that Bitcoin might decouple from the grasp of the Nasdaq at a price of roughly $23k. Nevertheless, he cautioned that the decoupling of Bitcoin from the Nasdaq at $23k didn’t essentially imply a backside. His evaluation of Bitcoin in relation to the Nasdaq might be discovered within the following tweets.
5/5 This doesn’t imply a backside, it simply means #NASDAQ can have misplaced its affect on #bitcoin. From there, the best affect on value can be bitcoin consumer progress charges. Take that FWIW.
— Timothy Peterson (@nsquaredmacro) May 14, 2022
Bitcoin’s $28k and $26,700 are Worth Ranges to Watch Through the Weekly Shut
On the time of writing, Bitcoin is buying and selling at $29,725, which is $275 decrease than the essential $30k help degree. On the similar time, Bitcoin is in clear bear territory, buying and selling under the 50-day (white), 100-day (yellow), and the 200-day (inexperienced) shifting averages.
Nevertheless, its every day MFI, MACD, and RSI level in direction of an oversold state of affairs for Bitcoin that might end in BTC recapturing $30k and even $32k shifting ahead.
However there’s nonetheless the weekly shut later tonight that may trigger a retest of the $28k help and the native low of $26,700 set earlier this week as a result of crypto market meltdown because of UST dropping its peg and the next inflation of LUNA.